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About 10% of the merchandise is mark-down goods from the full-line stores while the remaining 90% is bought specifically for the Rack store including some vendor closeouts.
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The euro has made prices more transparent in Europe, even if consumers worry that retailers have used its introduction to mark up their goods (see article).
ECONOMIST: Pricing strategies
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Hubbard left his distinctive mark on a workshop of handmade goods called the Roycrofters, a throwback to medieval guilds and reaction against the mechanization of the industrial age.
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In it, it said the "applied-for mark merely describes a feature or characteristic of applicant's goods".
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With that promise in hand, the bank would make the purchase and immediately sell it onto the buyer at a mark-up, agreeing the buyer could pay, say, three months after goods are delivered--in effect, trade finance at a fixed rate with legal protection against default on the one side and loan sharking on the other.
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